PNC Financial Services Group Inc. Purchases 303 Shares of Vicor Co. (NASDAQ:VICR)

PNC Financial Services Group Inc. raised its position in Vicor Co. (NASDAQ:VICRFree Report) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,111 shares of the electronics maker’s stock after acquiring an additional 303 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vicor were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VICR. GSA Capital Partners LLP boosted its position in Vicor by 130.9% during the fourth quarter. GSA Capital Partners LLP now owns 52,775 shares of the electronics maker’s stock worth $2,372,000 after purchasing an additional 29,921 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Vicor during the 4th quarter worth about $1,219,000. Sapient Capital LLC bought a new stake in shares of Vicor during the 4th quarter worth about $2,007,000. Yousif Capital Management LLC grew its stake in Vicor by 8.7% in the 4th quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker’s stock valued at $507,000 after buying an additional 900 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Vicor in the 3rd quarter valued at about $760,000. Institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VICR shares. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Monday, June 24th. Finally, Craig Hallum dropped their target price on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 24th.

Get Our Latest Stock Analysis on VICR

Insider Activity at Vicor

In other Vicor news, VP Nancy L. Grava sold 1,277 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.91, for a total value of $43,303.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 2,150 shares of company stock valued at $72,275 over the last quarter. 31.30% of the stock is owned by corporate insiders.

Vicor Trading Down 1.0 %

Shares of VICR opened at $33.03 on Monday. The stock has a market capitalization of $1.47 billion, a PE ratio of 33.03 and a beta of 1.50. The firm’s 50 day moving average is $33.86 and its 200-day moving average is $37.14. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $98.38.

Vicor (NASDAQ:VICRGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. Vicor had a return on equity of 8.55% and a net margin of 11.49%. Vicor’s revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS.

Vicor Profile

(Free Report)

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

Recommended Stories

Want to see what other hedge funds are holding VICR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vicor Co. (NASDAQ:VICRFree Report).

Institutional Ownership by Quarter for Vicor (NASDAQ:VICR)

Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.